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WHUT (Howard University Television) 2
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Jul 11, 2010 10:00am EDT
the g20 aswell. >>reporter: and while the debt crisis is absorbing the eurozone and the u.s. is overhauling its financial reform bill, kazakhstan is looking back on an orderly bank restructuring programme. >>the conference highlighted the fact that kazakhstan's survival and revival post crisis, is very relevant to the ongoing reorganization of u.s. and european banks. >>marcia favale tarter is the international advisor to the prime minister responsible for the bank restructuring. she says the success is due to its homegrown strategy of burden sharing... devised internally by kazakhstan. >>tarter: a key decision in having a burden-sharing approach was exactly not to burden the sovereign with additional debt. and because we were not out there raising money in inopportune times, the government was able to then completely participate in the recovery of the commodity cycle and we've seen that in the gdp growth of the country. >>reporter: this successful restructuring... where the investors become partners by providing them tools to recoup their losses... led some delegates to suggest
Search Results 0 to 1 of about 2 (some duplicates have been removed)